Motley Fool Money
529s for 5/29
May 29, 2024
Bill Barker, an investment analyst at The Motley Fool, sheds light on the latest retail earnings from Chewy and Dick's Sporting Goods, highlighting contrasting growth strategies. Meanwhile, Roger Young, a CFP and Thought Leadership Director at T. Rowe Price, dives deep into the world of 529 college savings plans. They discuss the substantial tax benefits, optimal funding strategies, and how understanding financial aid calculations can significantly enhance college savings. Family financial dynamics and college funding become crucial topics, making this conversation a must-listen for savvy savers.
29:57
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Quick takeaways
- Chewy announces $500 million stock buyback post-IPO lows, indicating confidence in future stock performance.
- Dick's Sporting Goods' focus on athletic experiences and stable expansion suggests potential market outperformance.
Deep dives
Chewy's Resurgence and Stock Buyback Program
Chewy, a retail stock, showed resilience with a 27% stock increase post-IPO lows despite a decrease in active customers. The company announced a $500 million stock buyback, indicating a mature stance and confidence in future stock performance. Chewy's growth initiatives like pet insurance and vet clinics present potential avenues for expansion amidst a positive customer loyalty trend.
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